Jeanalyn is saving P6,000 every end of quarter for 8 years for the college education of her only child. The money earns an interest of 14% compounded quarterly. Find the amount of the fund if her fist deposit was made at the end 1 year. *

Q: Miguel purchased a hot tub costing $5,010 by taking out an installment loan. He made a down payment…

A: Cost of hot tub=$5,010 Down payment=$1,300 hence the loan amount=$(5030-1300)=$3730 Payment each…

Q: Mark borrowed $18,742 to help pay for expenses. If the loan carries an annual interest rate of 3.9%…

A: From the given information we find the monthly payment.

Q: John got $5000  from his grandmother to pay her tuition fee.He invested this amount at a 10% rate of…

A:

Q: "Shelly deposits the $2,000 she got as a birthday gift from her grandmother into an account earning…

A:

Q: the

A:

Q: Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit…

A: total amount to be paid after 8 years = $135046.5623   explanation is given below

Q: Samuel opened a savings account that pays 1.8% interest compounded monthly with S7,000. If he leaves…

A: The mathematical formula for calculating compound interest depends on several factors. These factors…

Q: Maggie took out a car loan in the amount of $54,200. Her loan agreement says that she will pay the…

A: Given: The loan amount is $54200. The interest rate is 15.1% compounded annually. The duration is 2…

Q: Bianca deposited $1500 into a savings account for which simple interest is calculated quarterly. If…

A: Let the yearly interest rate that Bianca get in her account be : R % Given:   Principal deposit: P =…

Q: Mark deposits $1000 at the end of every 6 months in his bank account. If the bank pays 6% compounded…

A: Given, Mark deposits $1000 at the end of every 6 months in his bank account. If the bank pays 6%…

Q: sam deposits 150 in a savings account and earns 6% compounded monthly will she have enough savings…

A: Follow the steps.

Q: Mark deposited P1,200 in an account that pays 3 ½% compounded monthly. He continues to deposit the…

A:

Q: Find the simple interest and total amount if you borrow $8000 at 12% for 3 years.

A:

Q: For her 2nd birthday claudias parents invested $9,000.00 in an 13 year certificate for her that pays…

A: Given  Principal = $9000.00 rate = 7% compounded every 2 months time = 13 year

Q: You have $2,500 on a credit card that charges a 14% interest rate. If you want to pay off the credit…

A:

Q: You have $3,500 on a credit card that charges a 19% interest rate. If you want to pay off the credit…

A: We have to calculate monthly amount.

Q: You have $2,000 on a credit card that charges a 18% interest rate. If you want to pay off the credit…

A:

Q: find the least amount  that could be deposited in a bank account today at 12% compounded quarterly…

A:

Q: On Melissa 6th birthday, she gets a $6000 CD that earns 6% interest, compounded quarterly. If the CD…

A: Given data: Melissa on her 6th birthday gets a P=$6000. The rate of interest she earns r=6%=0.06…

Q: Bertha invests $10,000 for 8 years which results in an account balance of $24,759.63. What was her…

A: Given Bertha invested $10,000 for 8 years which resulted in an account balance of $24,759.63.

Q: PETER PAID 50,000 IN 2.5 YEARS. HE BORROW P40,000 what is the simple interest?

A: In total Peter paid = P50000  Time to pay back = 2.5 years Peter borrowed = P40000

Q: Kanye wants to save $16,000 in 6 years by making monthly payments into an ordinary annuity for a…

A: Given Kanye wants to save $16,000 in 6 years by making monthly payments into an ordinary annuity…

Q: present value of the loan

A:

Q: Nicolas Cage borrowed $3,456 from his nephew to fund his new movie. Eight months later, he paid back…

A:

Q: A recent high school graduate received ​$600 in gifts of cash from friends and relatives. In​…

A: We will find how much money he will be getting after 36 months as following .

Q: A recent college graduate borrows $150,000 at an interest rate of 6% to purchase a condominium. A

A: Given a recent college graduate borrows $150000 at an interest rate of 6% to purchase a condominium.…

Q: Jake borrows $2,500 at an interest rate of 15% a year. If he repays the loan in 2 years, how much…

A: Assuming the simple interest, Interest = PRT/100 Where P= principal R = rate T = time

Q: Dobby borrowed $5,000 to start a foundation for recently freed house elves. If he pays the money…

A:

Q: You have $3,000 on a credit card that charges a 18% interest rate. If you want to pay off the credit…

A: To find the amount need to pay per month

Q: You have $2,000 on a credit card that charges a 23% interest rate. If you want to pay off the credit…

A: Given: Credit card amount due (PV) = $2000 Annual interest rate (r) = 23% Number of months (t) = 5…

Q: Michelle invests in a savings account that pays 8% interest compounded monthly. What is the APY for…

A:

Q: A recent high school graduate received ​$900 in gifts of cash from friends and relatives. In​…

A:

Q: A recent high school graduate received $900 in gifts of cash from friends and relatives. In…

A:

Q: Daniel paid $825 simple interest on a $1,400 loan for 5 years. What was the interest rate?

A: Here we have to find the interest rate i.e 'r'.

Q: Ernie Rolph deposits ​$7150 at 4​% for 1 year. How much interest will he​ earn? What is the account…

A: Given query is to find the amount after 1 year.

Q: Olivia would like to buy some new furniture for her home. She decides to buy the furniture on credit…

A: Olivia decides to buy the furniture on credit with 9.5% interest compounded quarterly. she spend…

Q: In order to help pay for his trip abroad for his spring semester of his senior year in college, Marc…

A:

Q: Pia White invests a bonus og $9000 at 6% annual interest compounded semi annually for 4 years. How…

A:

Q: Tommy deposited Php45,000 on September 6, 2012 in an account that pays 7% interest compounded…

A:

Q: You have $3,000 on a credit card that charges a 13% interest rate. If you want to pay off the credit…

A: Given data Loan amount = $3000 Interest rate(r) = 13% = 0.13 Period = 5 years => t = 5 × 12 = 60…

Q: Ryan deposited ₱ 25,000 in a saving bank on Jan. 13, 2013. At that time the bank was paying 4%…

A: Given: Deposited amount = ₱ 25,000 Rate of interest till July 12, 2015 = 4 % compounded quarterly…

Q: Starting on her 30th birthday, a woman will invest an amount every year on her birthday in an…

A:

Q: Find the interest earned after 3 years if P12 000 is deposited a savings account which earns 5%…

A:

Q: You have $2,000 on a credit card that charges a 17% interest rate. If you want to pay off the credit…

A: Given: Credit card amount due (PV) = $2000 Annual interest rate (r) = 17% Number of months (t) = 5…

Q: Find the interest paid by veronica on P35,000 that she borrowed for 2 years at 15% simple interest.

A: Given: P=$15000t=2 yrsr=15%

Q: Marcia has a simple interest savings account that she initially deposited $1,300.  What is the total…

A: Find your answer below

Q: You have $2,000 on a credit card that charges a 22% interest rate. If you want to pay off the credit…

A: Given:

Q: You have $5.000 on a credit card that charges a 19% interest rate. If you want to pay off the credit…

A: Here we will calculate monthly payment to pay off the credit card in 5 years,

Q: Michelle invests in a savings account that pays 5% interest compounded monthly. What is the APY…

A: we know that  APY = 1+rnn-1

Q: Find the amount in the account at the end of 8 years.

A: